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, india, china, other places that the rest of us will only read about in the next three to six months. >> one, the world economy, which we've seen bottom here is actually growing in some other parts of the world. so we're not tumbling into utter collapse. this is big news. both china and india, a lot of economic a econom economic activity. that's good. second thing i was really shocked by, we just saw, we got the new weather in the caribbean. we have a new el nino, which is a worldwide climate change, annual change. and what it means is because of what's happening in the pacific ocean, we got drought in india. so you say, what is drought in india? well, they produce sugar, they produce beans and other things that are now going to be down. world market prices are soaring for those things. so in this interconnected world, this climate stuff is bouncing all over the world when it hits. the third thing i saw is that everybody is trying to scramble right now. how are we going to get on to a long-term, really sustainable recovery? and that brings us to an event that people need to watch a l
employees are in india. >> the majority of our employees. >> how did you feel when president obama earlier this year talked about providing tax benefits for companies that provide jobs in boulder rather than bombay? >> look, i think that the critical thing to focus on here is how do we get the economies of the world around the world healthy most quickly. the quickest way to do that is to give companies in different parts of the world access to the best talent regardless where that talent is located around the world. there is tremendous talent available in the united states and we are active employers here in the united states. we have 12,000 people in the united states. but equally we've got talent around the world in india, in china, latin america. and we think the best way for to us help our clients be stronger businesses is by givinging you access to that global talent pool. >> state of economy, where are we when you look around the world in terms of whether or not we're going to finally recover here? >> i don't have a crystal ball on the economy. our planning assumption is that the eco
china is about 30%. if you look at 40 years down the line, china and india will be above that. so you have an enormous structure taking place and, therefore, a strong engine of growth. clearly, if the u.s. consumer was going to collapse again, i don't think the chinese, indian, brazilian consumer would be able to compensate. but if we have a stabilization, as i believe we will have in the western economies, i think that the marginal call is going to be on the emerging economies and i think that's the engine of growth. >> manford, what do you think? to believe what virginie said makes you think asia can decouple with what's going on in the rest of the world. >> i have to agree with her to a larger extent. the asian consumer is becoming more important. but the absolute numbers don't show it. it shows an increasingly large consumer. but we need the situation where the u.s. consumer does recover to at least a moderate extent. i don't think complete decoupling is a possibility. >> mamprett gill, thank you, thank you, virginie, as well. >> thank you. >>> west lb is refusing to comment on su
choir talking to us live from long congress. >>> from talking about china, let's talk about india. ayesha faridi joins us live from india for the indian bit report. >> thanks for that, christine. the markets have picked up. 4,500 is back for the nifty. similar is the case for the sensex, as well. so you do have those pockets which actually give up their gains in yesterday's trade. for example, the entire auto basket is holing up strongly. tata motors is notching a 6.5% gain and you have the entire sugar pack on the kind of prices forming up. the entire sugar sector is picking up very, very much. we are picking up reports that the government has indeed chosen strife arkalap to be the generic formulation of tamiflu. they haven't got an official word from the government in terms of the kind of orders that they may actually bag and what sort of price appreciation or rather margin bump up it may lead to, but the stock itself is holding up very, very strongly in trade. meantime, 161 strains have been confirmed. with that, it's back to you. >> ayesha, thank you very much. in asia, yanzhou coal has agre
of inflation especially in areas such as india and china, if we start to see areas there, we'll see commodities sustained. i am against ru bin on this particular point.t. i think we will see a stronger move ahead. it's more inflation led. the cost of money being so low at the moment that's driving that price. if we start to see a tightening, then the commodity rally westbound able to be sustained. >> martin, always a pleasure speaking to you. xw >>> shares in barclays trading higher after a profit jumped 8% in the first half to just under $5 billion. the numbers were shy of forecast after impairment charges on corporate and consumer loans jumped 86%. the profit of the group's investment dropped from a year ago thanks to the acquisition of lehman brothers and commodity revenu revenues. speaking first, the president bob diamond, said the bank is getting conservative. >> it's getting easier and easier to see exactly how it's going to play out. we are expecting a difficult second half in the year in terms of provisioning. that's part of our plan. >> in china, more signs that the government is putti
they looked at the impact of a flood in countries like india and and parts of asia, and neighboring countries. guest: if you think about water as are most of will and life support system and the vehicle through which we will feel the impact of climate change, weather drought or desertification, floods, rising sea levels, melting glaciers, seasonality of rivers creag before they ran year round. all of that is absolutely going to change the world as we know it. host: with we'll get to your phone calls. we have folks waiting. i did want to give folks a look at what's blue august is about. >> the ocean needs our help. time is running out. >> people have heard about global warming for years but it is only the past five years that experts really understood that carbon dioxide is causing problems for the oceans as well. what is worrisome it has not been on the radar. >> in a few decades it will profoundly altered oceans chemistry, rapidly making the water more acidic. >> scientists have demonstrated that if we continue to pollute as we are now, the ocean as said it will double by the end of the cent
's basically the only computer people are going to have in emerging markets. in india a government regulator just put out a report, four times as many people getting on the web on their phones as on their pc. >> what about that? do you buy into some of these trends or are you just literally looking very specifically at dividend plays and value plays? >> well, one of the things that we've seen is the u.s. consumer and consumer around the world is actually continuing to buy stuff, which is great. you would think that with the challenges the consumer has faced over the last year or so in deleveraging and everything else and the job market the way it is the consumers wouldn't be spending. but one of the things that we're hopeful about with the economy is that the consumer's actually out there spending money. >> well, what about the market here? you're talking about a market that's up 50% from the bottom on march 9th or so. >> we think right now we're pretty much as close to a maximum value point for the moment. when third quarter earnings come out, we expect them to be pleasing enough that the m
for the future. >> jean-marc boursier, thank you. thank you. >> in line with the rest of asia today, india is trading higher. we're joined now by ayesha faridi. thanks for that, maura. tale, it's been quite a choppy day. while it has struggled or tried not to hit the 4700 mark for the nifty, it isn't really being able to do that. it has made many attempts now for the trading session. all indices are in the green, but a big winner, indeed, or trade is indeed in force and the entire i.t. pack. clst is a brokerage which has been bearish on the entire i.t. space in india and is upgraded and it has upped the price target, as well. and they do also believe that they may beat fy '10 guidance and that is bringing volatility to the space, including in the midcap space. another stock in focus is united which is down by almost 2% in trade today. here is the news why. they have now called off stocks for diaggio sizing high evaluations and anti-trust issues as to why it was called off. it's a sentiment and a dampener with knee jerk reactions coming into it there. meantime, of course, we have a couple o
. this doesn't do anything to regulate the emissions in china, india or other countries so why uni unilaterally disarm our own economy without doing other things. host: we could cut way back and china and india could step up and we could have the same amount of global warming only putting american manufacturers at disadvantage. it is going -- >> more jobs there and less here. host: they are considering some sort of modified proposal on capitol that would maybe not focus on cap and trade so much as focusing on pushing people to find more renewable energy sources like wind and solar. we will see if they come up with a compromise. thanks for being here. >> thank you. appreciate it. bill: i wish i were anywhere but here file will is this. that plane should be flying, folks, not bobbing in the water. megyn: hitting the stores, spending cash. new retail numbers in. the news is not god. what does it mean for the supposed economic recovery? they say the recession is over. ♪ ♪ i'm cool like that, i'm cool like that ♪ ♪ i'm cool like that [ female announcer ] there's a smarter, cooler way to g
up for canada, brazil, india. how much do you want? the evidence is clear cut, we'll have rising real gdp in practically every significant country in the world in the third quarter. >> where should they go right now? they missed a chunk of this rally, we're still about 40% below the peak of october 2007. do i deare believe we can achiee those peaks and what do we do to get to them. >> they need to define their goals and find what the right asset allocation is for them. if they're 100 answ% in stocks can't afford it, they better zero down. they need to check to see if they don't need to change. they're trying to figure out if the stock market will go up or down for the next month and that will determine what will do with my retirement money. that's crazy, insane. you have to go back, never a wrong time to go to the right asset allocation. stop paying attention to short term fluctuations. >> robert, what's your best short term investment or two? you're in st. louis, if i'm not mistaken. what do you tell the heartland folks and main street investors? >> we like infrastructure. we think b
people injured. the first earthquake was a magnitude 7.6 in indian ocean near india's andaman islands. the second quake was a 6.5 magnitude near tokyo. tsunami warnings issued but later taken back. >>> the same state senator called for sanford to resign after having an affair and now this republican calls for sanford to resign after book in first class flights to european. and he says they are wrong. >>> police are looking for man holding a gown a woman's head during a bank robbery. it shows the man pointing a gun toward a teller and threatens to take a customer hostage. the woman was able to get away but the suspect did take some money. >>> talk about somehow getting lost in translation. secretary state hillary clinton got angry during a q&a session with congolese university student. the student speaking in french asked what president obama would think about chinese financial contracts with congo. but the translator apparently made a mistake and asked secretary clinton what mr. clinton would think. that didn't go over very well. >> you want me to tell you what my husband thinks? my h
in india what's your game plan there. >> first of all, we explored how we could work together. the reality is that we didn't get a. agreement on, you know, vj's price expectations. having said that, we pass a very good friend. i think he admires our portfolio. i have a huge respect for his business. but today, nothing with all discussions. >> paul walsh, thanks so much for joining us. we appreciate it. >> thank you. >>> all right. let's check those futures once again for you. we're just kind of hashing around here close to fair value. dow supposed 1.20. right around fair value. no big deal at the open unless something changes dramatically. >> something exciting could happen. >> yeah, you never know. >> never know. >> someone can issue a press release or make a statement and we could be -- >> we could try and do something exciting. >> -- off to the races. >> we might have something really exciting planned. no, okay. anyway. >> i don't think we have anything planned. anyway, time to get the word on the street. here on the floor is warren meyers, cnbc market analyst, pepperdine, hardest worki
promoting a film about racial profiling. people were really upset about this in india. the indian government said it is taking this up with the u.s. embassy there. a u.s. customs official told the associated press that the questioning was part of a routine process. >>> a group the veterans got the welcome they missed when they returned home from vietnam. this special ceremony was held at ft. campbell, kentucky. many vets say when they originally came back from vietnam, they were often met with angry protestors and not welcome home ceremonies. a spokesman for ft. campbell says he hopes there are more ceremonies like this one at other bases. >>> a possible tornado ripped up trees and tossed around cars. this is in southern florida. according to local reports, 23 homes in cape coral were damaged. there were also three fires because of lightning. neighbors met yesterday cleaning up the damage. >> the power was out. we couldn't close the garage door and stuff was flying in the garage and sucking out of the garage. it was crazy. >> as everything swirled and slapped around, things were over here. t
, france and germany in recovery in the second quarter. we know china. we know india. i mean, aren't these favorable conditions, mohammed may be right about a short-term pull back. but you look at the global scene, you look at the u.s. scene, really isn't this the moment? >> i don't think anybody is debating that the trajectory is certainly improving. i think that the real question here is matching up where expectations reside relative to where securities are valued at this point in the cycle. and i think it's absolutely reasonable after this massive move off what we're quite admittedly over sold levels in march, for us to take a break and think about just how realistic a 25% earnings growth rate is going to be in 2010, because right now, that's about where this market is assuming. >> okay, so craig, how long a break? you say take a break. when are things going to actually shift is and move upward in your opinion? >> we have got to get through the next cycle of corporate earnings. coming out of the second quarter, this market had a terrific sense of relief, because earnings estimat
over opec. it doesn't exercise jurisdiction over china and india's buying of commodities. and it only somewhat exercises jurisdiction over oil companies. they do, however, exercise jurisdiction over users of futures. that's why i think we become the focus. >> right. is it possible -- gary gensler is the head of the cftc. he's been on our program many times. is it possible to say that mr. gensler is between a rock and a hard place right now, that he's got a lot of pressure, that there are people who honestly believe there are dark, maybe mysterious force that's are manipulating things, particularly commodities out there, he wants to get a satisfactory answer? how can he do this without causing so much damage to the markets? what should mr. gensler be doing? >> he's got to look at data. he's got to look hard at what's driving the market and not just take the simple story at face value. if you actually dig in, there are probably good regulations to be had in here, but excluding individual investors from the commodities market by getting rid of commodity etfs can't be the right answer. >>
%. but those markets, china, brazil, and india are up substantially more than that. so they have been the leaders in terms of investment performance. and when we start to see cracks in these markets, and i think we're going to continue to see some cracks, they're way ahead of themselves. >> okay. >> it's going to impact our market. >> don, you want to answer that? >> i think he's a little too pessimistic about this. it's going to be volatile. but it's a small market compared to ours. it's an important indicator of sentiment here. but it is not really a competitor for the kind of institutional investors that are dominant in our market or are dominant in japan or the european markets and not a good indicator for individual investors here either. >> okay. >> the way individual investors participate in china is in those chinese stocks that trade in america. >> okay. new topic. bob, housing data very strong today, what about the housing stocks? is that some place you're willing to go to? they've had tremendous runs, is it all priced in? >> i think most of it is priced in. we still have a w
and domestic fund holders sold equities in india in the past week. what do you make of the chinese story here? >> what i would read into that is china's been the leading indicator of all the economies throughout the world in that they've put their money to work a lot more aggressively than we have where there's a lot of bipartisan debate as to how quickly orr where the money should go. they put it to work and restocked commodities across the boor and that on a week over week basis has been slowing down and if you look at the baltic dry index it's actually down 26% from the june highs and put the june together, slower baltic dry index that's come down, and people sense that perhaps they're taking a step back and the economy that's been surging throughout the world. people are a little bit nervous, and it's hard to argue points made earlier. but i think the best way to go about investing right now is to buy high-quality growth stocks that aren't dependent on the capital markets, that are doing well despite the structural problems that still exist. >> you mention a good point in terms of the bal
. there is a price negotiation going on between india and china that could short term hurt the stocks. i would use any opportunity to buy them. i don't hate mosaic, i like potash better. if you're bullish, consider adp and paychecks. those are the great recovery plays. paychecks is better because it's got that hefty yield. after the break i'll try to make you even more money. >>> hoping to give your portfolio the golden touch? cramer goes one on one with eldorado's ceo to find out if his stock can shine on the executive position. >>> and later, try to keep up with cramer as he takes your calls rapid fire in an all-new "lightning round." >>> plus, how do your stock stack up in a mystifying market? cramer makes sure your portfolio make the grade on "am i diversified?" all coming up on "mad money." i'm racing cross country in this small sidecar, but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and wherever i go, i've got plenty of room for the internet. and the nation's f
reading books about into -- india i traveled there and find it a fascinating country so i have a us the of poppies on my list and i have been collecting in the diagram green books i have a last one i have not read it say battlefield on the list for the summer as well as well as the collective volume of short stories which i picked up in a bookstore last summer. i/o is like to read the two of them together when i can . .
. and into india and japan now are weakening but continue to move into the asian subcontinent across africa. just plain old summertime thunderstorms. for us, overnight tonight, some of those thunderstorms could be around us tomorrow. tomorrow still into the humid flow. i think we will be see a little bit more in the way of cloudiness as a weak weather front moves to our south. as that happens, there will be high pressure to the north so the combination will get us into a more of a northeasterly breeze which will knock the temperature down but also keepous the moist side so that's the reason that we will be seeing, i think, a fair amount of clouds. tomorrow there is a risk of some strong thunderstorms but more to our south. so for this evening, hazy and humid. hot. temperatures about 90 where they are now. dip into the 80s. and humidity not stifling but not refreshing either. fair amount of clouds around tomorrow. so as we go through the day, i think we will start out with temperatures into the 70s and mid 70s by mid morning and a fair am of clouds by late in the afternoon and there could be pop-u
coming out of china, out of india, some domestic growth but it will be a slow growth. i don't think there will be no growth but slow growth. there is a risk we turn down later in the year. a lot of -- >> later this year? >> well, i would say into 2010. but you guys and i agree are great fans to warren buffett. he's noted for saying, you know, forecasting the future, tell you more about the forecast than they tell you about the future. once you get beyond the 12-month rice, you're talking politics s rather than economics. it will be highly unusual after fiscal stimulation in the monetary stimulation, injected in the economy didn't have the intended effect. >> over the weekend barron's said you would almost prefer a return that's tepid, because as long as the economy is subpar, less politicians are, they can't force through legislation, you go along with that or would you rather have a booming recovery? >> no. steady as she goes. >> really? >> give opportunity for the excesses to unwind. same thing for the stock market. our target at the beginning of the year, my vice chairman, a grea
's happening in china and india. >> yeah. see, here's the problem. i can't pull into the gas station and say, oh, that's above the fair market value. i'm only going to give you $1.95 a gallon. how much of this -- you said it was speculative. is it still liquidity -- a liquidity driven phenomenon? there's a lot of liquidity going into the market. >> you can't do a thing about it right now. obviously there's a lot of money on the sidelines that look for asset based investments right now. oil is becoming an investment right now so many different individuals. the fact that we're trades in the $70s and oil is nearly spilling on the ground in the united states, the consumers are so down and out right now. the fact that we are trading above fair value that will be rectified here very soon. >> conceivably, we could really -- oil prices could really crater? >> we think that we have the supply is nearly at an all-time highs right now. opec has -- >> we should be, what, $30? >> we should be probably around $50 to $55. we do have china and india. their economies are doing well. the u.s. is still by far
and public memorials are being planned for him. india's health minister wants people to watch tv instead of having sex. it is the latest government effort to control india's population. the health minister says if they put electricity into every village, couples will fall asleep watching tv late nights, instead of making babies. some say it could help but it's no replacement for education and access to contraception. >>> in the story, apparently they talk to a man who has 23 children. and. >> and one wife? wow! >> i don't know about the wife part. >> 23. wow. all right. some car shoppers are going to dealerships to take advantage of the cash for clunkers. but when you show up, it's so popular. what happens if you show up and trade in your car and there is nothing really for you to choose from? >> and that's how popular this program has been. there are some lawmakers who have said at some of the dealership lots, the most popular cars are gone, but they still really want to use this program and accomplish its goals. so four weeks along, looking at an on-the-fly fix from the transportation
, crop shortages in this brazil and india, big talk. tradertalk.cnbc.com. >> bob, technology still holding up, nasdaq up 7.5 points. i take you to wall and show you big cap technology stocks. the story today dictated by apple. barclays capital raising the price target to 208 from 188, not only like the product line but free cash flow. stocks up 1.75%. microsoft strong, as well, 1%, talking about the zzunor next month. look at what is happening in the chips base. 1% for the semiconductor index, names internally within that intel, qualcomm, and r.w. baird. palm, jim goldman was telling you on the menu, smart phones, palm is up 4%, despite the fact it was cut to sell at morgan joseph, and an upgrade at morgan keegan. >> the question we often ask so many times, what's driving crude oil? we have two charts here that really put it in focus. first take a look at oil versus the dollar. the dollar has been down all day, but it's been so steady and you see the volatility in oil. so, okay, now flip it. take a look at oil versus the s&p 500. it's pretty clear, based just on those charts, and t
what is at the center of the multi-lateral system. g-7 is outdated, doesn't include china, india, and other bodies are also not as effective. and to see this coming meeting is loud to lapse is an issue. i hope in the next few weeks we jump-start this process. >> i would use your term to the bank of england directly. if you're going to be a player and regulator, you don't win, then if you're the referee and the player and you can't win, then you've got a real problem on your hands. certainly i think our fed has done a better job to say we are going to get out of qe first and use other facilities to keep the system working the best we can. >> mohammed a couple of quick crude market questions before we run out of time. back on july 28th, headlines ran that said, as you know, el-erian said stock rally won't continue with lack of revenue. el-erian selling into corporate bond equity rally. is that still happening? do you think markets have hit their high for the year? >> we position ourselves more cautiously. we think at these levels risk assets of pricing a lot of good news, not just
composite gained 1.7%. on top of 4 1/2% the day before. india's bombay sensex up 1 1/2%. guy johnson, what's happening in europe? >> mark, we are trading higher. i just want to point out that it is on staggeringly like volume. nobody is out there. just take a look at the clips going through the european market are incredibly light at the moment. so when you look at what you're seeing here on the screen, you've got to bear that in mind. i kind of want to walk you around europe and talk about the stories we're watching. in london, justice blackburn ruled today that english courts do not have the jurisdiction to force creditors of lehman europe to accept the wind-up for them. that's highly significant because pwc, pushing through that wind-up order, now says that it could take a decade town wind the assets of lehman europe. bear that in mind when you come up this anniversary which we're rapidly approaching of the lehman collapse. let's go over to germany where all the talk is about what happens with gm europe, opel. talk is this board meeting taking place today with gm. the indications are th
, in fact, if you showed woodstock the way they showed india in slum dog millionai millionaire, you would have about the same sanitation. and that's -- you know, that's a bad thing and i've been writing this for years, that, in fact, the future that we were dreaming of and trying to work towards did not consistent of squatting in the mud, taking what you were given. it consisted of something more activist. >> right. and you had -- you talked about, also, how this was one of the least -- one of the more poorly organized rock concerts. >> it was horribly organized. >> and even talked about how all the groups were threatened, saying if you ask for money, we're going to call you out. the who basically said, screw you, give us our money. >> it's funny, because that's been the news break from this story. i wrote that in my biography of the who 20 years ago. but now it's news. but i think what happened at woodstock in the 30th anniversary in 1999 where they were gouged by the promotors, where there was arson, where there was rain, took the sheen off it for a lot of people and i think now people
gandhi in india, he would have gotten nowhere if it hadn't been the soviet union looming in the background and it seems me until we reach a point in which poor people are organized and willing to struggle against the wall street capitalists, we're going to continue to see a roll-back of all the gains of the civil rights and the labor movement. i was hoping you'd comment. >> host: thank you shaun from washington state. >> guest: shaun, i don't think we're in any danger of seeing a roll-back of the civil rights movement. the civil rights movement have transformed america. we have other groups from american indians to latinos, gay rights groups, children's rights groups who have emulated the very legal strategy that thurgood marshall used to transform the laws of america and allow for equality and inclusion. i think what you're talking about is more on an economic basis and the increasing class stratification that we see in the united states today. and i'm reminded -- i remember sitting with thurgood marshall and saying to him, you know, if you were a young man today, going
clever title. and the jewelry line is stunning, by the way. and it goes back to your roots in india and you take some inspiration from that, but you've also lightened it up a little bit, as well. >> yeah. i mean, i love beautiful traditional indian jewelry. i have a lot of it, of course, from my mother, from my grandmother and aunts, but i really wanted something a little more modern, a little more wearable and i think that there was a need in the marketplace of women like me who don't have time to come home after work and change before they go out at night. i leave the house at 9:00 and i'm wearing a blazer or a pant suit because i've got meetings. and maybe i change into a cocktail dress. or on the weekends, i go to the grocery store, go shopping with a girlfriend and then wear jeans and i needed jewelry that could serve all the different parts of my life. and i wasn't finding it. i just wanted pretty delicate jewelry that didn't upstage me, that could go with all the different parts of my wardrobe and my personality. and so i started off just creating a micro collection of pieces
to small farmers in places like india. short on resources and long on demand. >> for just a very, very small amount of land, farmers can produce much more grain. >> but what about the growing popularity of organic produce? ron moore, a long-time monsanto customer, believes biotech crops are necessary to meet the needs of a growing planet. >> we'll have to use all the technology available to farmers to increase production to supply food for that population. >> a population relying on more crops for food, feed and fuel. for more "people, planet and profit" check out sustainability at cnbc.com. there's no one exactly like you. raymond james financial advisors understand that. and they have the freedom to offer unbiased financial advice designed to weather market uncertainty and help you reach your goals. no matter how lofty. raymond james. individual solutions from independent advisors. >>> a warm welcome back to "squawk box" here on cnbc, first in business worldwide.Ñ we are one hour away from the opening bell. here are some of stories we are following this monday morning. the cash for
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